Budget 2013

[pirate]

coolbaby:

well i'm quite disappointed how they control the number of cars on the road

only the rich will get to drive.

they never take into consideration for family who needs car:
http://ride.asiaone.com/features/opinion/story/offer-coe-rebates-families-special-needs-members

I was hoping new system to have something like first-car ownership per household. Pay higher COE for 2nd car.

I thot govt will review the COE system. what's the purpose of having Cat A and B which is only $4K difference and they are almost $100K (last month figures).

sigh...

Aiyo! Just buy a 5-6 year old car lah. Plenty to choose from that are less than $30k. Better yet, buy a 2nd hand off-peak car and pay as you use.

Nobody has yet to explain to me why a family \"who needs a car\" must buy a new car and pay $90k+ just for a COE.

[KSP]

pirate:

coolbaby:

well i'm quite disappointed how they control the number of cars on the road

only the rich will get to drive.

they never take into consideration for family who needs car:
http://ride.asiaone.com/features/opinion/story/offer-coe-rebates-families-special-needs-members

I was hoping new system to have something like first-car ownership per household. Pay higher COE for 2nd car.

I thot govt will review the COE system. what's the purpose of having Cat A and B which is only $4K difference and they are almost $100K (last month figures).

sigh...

Aiyo! Just buy a 5-6 year old car lah. Plenty to choose from that are less than $30k. Better yet, buy a 2nd hand off-peak car and pay as you use.

Nobody has yet to explain to me why a family \"who needs a car\" must buy a new car and pay $90k+ just for a COE.

:goodpost:

i like how the gov do it this time!!!! tax the rich more.... tax more for those who drive expensive cars...... and the best part is tax less for those who drive small cars... :rahrah: :rahrah: :rahrah:

Tiered ARF Structure

The tiered ARF structure is as follows, in a statement released by the Land Transport Authority (LTA) on Monday:

Vehicle OMV

ARF Rate
First $20,000 of the OMV 100% of OMV
Next $30,000 of the OMV (i.e. $20,001 to $50,000) 140% of Incremental OMV
Remaining OMV Above $50,000 180% of Incremental OMV


this is how the gov should do :salute: .... tax more on the rich and subsidize the sandwich class...... :congrats: :thankyou:

[Harlequin]

pirate:

Aiyo! Just buy a 5-6 year old car lah. Plenty to choose from that are less than $30k. Better yet, buy a 2nd hand off-peak car and pay as you use.

Nobody has yet to explain to me why a family \"who needs a car\" must buy a new car and pay $90k+ just for a COE.

Yes, that's right.... what if there will be a major tweak of the whole COE system kicking in next year? The continue flowing in buyers that paid $90k+ COE would be caught.... this new loan measurement has it's purpose.

[Imp75]

I like the budget this year since there seems to be something for everyone esp since the sandwiched class, one thing lacking though is the increase in personal income tax rate of wealthy individuals (we are cheaper than HK)

[limlim]

chloecube:

MR06:

Budget in Brief


Tiered Additional Registration Fee Structure

http://www.asiaone.com/News/Latest%2BNews/Motoring/Story/A1Story20130225-404521.html

Let's discuss about the Budget here.

Lesser cars will be seen on the road , more ppl will have to travel in public transport, used to wait for 3 trains before squeezing in, now have to wait for 5 :yikes: :yikes: :yikes:

Look at it from another angle.. less vehicles on the road.. the bus ride could be more enjoyable and smoother.. reliability might approach that of MRT's. And buses are definitely more accessible than MRT.

[pirate]

Imp75:

I like the budget this year since there seems to be something for everyone esp since the sandwiched class, one thing lacking though is the increase in personal income tax rate of wealthy individuals (we are cheaper than HK)

How you arrive at that? For YA 2012, Singapore highest marginal personal income tax rate was 20%. HK was 17%. :scratchhead: For YA 2013, Singapore rate unchanged. HK one will have to see HK budget coming out soon.

[Imp75]

I always thought we are a tad cheaper than HK but I guess I haven’t been following the hard facts

[keroppi]

KSP:

i like how the gov do it this time!!!! tax the rich more.... tax more for those who drive expensive cars...... and the best part is tax less for those who drive small cars... :rahrah: :rahrah: :rahrah:

Tiered ARF Structure

The tiered ARF structure is as follows, in a statement released by the Land Transport Authority (LTA) on Monday:

Vehicle OMV

ARF Rate
First $20,000 of the OMV 100% of OMV
Next $30,000 of the OMV (i.e. $20,001 to $50,000) 140% of Incremental OMV
Remaining OMV Above $50,000 180% of Incremental OMV


this is how the gov should do :salute: .... tax more on the rich and subsidize the sandwich class...... :congrats: :thankyou:

Agree!! :celebrate:

[janet88]

Just curious…do we have any cash from this year’s Budget ?

After CNY, wallet a bit empty.

[pirate]

KSP:

pirate:

Aiyo! Just buy a 5-6 year old car lah. Plenty to choose from that are less than $30k. Better yet, buy a 2nd hand off-peak car and pay as you use.


Nobody has yet to explain to me why a family \"who needs a car\" must buy a new car and pay $90k+ just for a COE.

:goodpost:

i like how the gov do it this time!!!! tax the rich more.... tax more for those who drive expensive cars...... and the best part is tax less for those who drive small cars... :rahrah: :rahrah: :rahrah:

Tiered ARF Structure

The tiered ARF structure is as follows, in a statement released by the Land Transport Authority (LTA) on Monday:

Vehicle OMV

ARF Rate
First $20,000 of the OMV 100% of OMV
Next $30,000 of the OMV (i.e. $20,001 to $50,000) 140% of Incremental OMV
Remaining OMV Above $50,000 180% of Incremental OMV


this is how the gov should do :salute: .... tax more on the rich and subsidize the sandwich class...... :congrats: :thankyou:

Or if 2nd hand Japanese/Korean cars not enough face, I recommend buying this

http://www.sgcarmart.com/used_cars/info.php?ID=205579&DL=1059

COE till 2020 some more... What a steal!